[utnick]

If you want to really see what the environment is like now, read the bitcointalk ico announcement threads. It's absolutely insane. Very little of that stuff makes its way to hn.

People are raising money with 10 page vague 'white papers' with ideas that make no sense or are completely unworkable on the blockchain.

There is very little skepticism or research with these icos . Most of the commenters are trying to help the project and receive tokens in return, do tasks to qualify for free tokens ( bounties ) , or promote the ico so their token value increases

If there was a good way to short individual ico tokens it might bring some sanity

[api]

How much of the money raised actually exists as liquid and accessible? Is this just a big MMO?

[tylersmith]

According to coinmarketcap.com volumes on gdax for btc and eth and $115mm and $53mm over the past 24hrs. If you didn't want to increase overall volume by more than 10% you could sell out to USD around $12.5mm btc and $5.3mm eth per day.

[runeks]

Volume is not liquidity. You can’t deduce anything about the impact of a $10mm ETH market sell from looking at volume.

If you dump $5mm ETH on the GDAX ETHUSD market right now, the price would fall from $290 to $250[1].

[1] https://www.gdax.com/trade/ETH-USD (click “depth chart” in upper right corner)